5 key benefits of using a personal loan app


Mobile technology has influenced every aspect of our life.It simplifies our day-to-day activities enormously. We cannot imagine spending a single day without using a mobile phone. When it was introduced,it was just a communication tool, but today,one can do any activity from the comfort of their home – from online shopping and checking balances, to applying for a personal loan and paying credit card or utility bills.

The Instant Loans app, which is a new functionality app from IDFC FIRST Bank, helps you refer people fora personal loan from anywhere, and at any time,using your mobile phone.

With the help of the advanced technology, most banks use mobile applications to integrate their financial services and help customers access them easily to meet their financial needs. The customers of IDFC FIRST Bank can use the loans app to apply for an instant personal loan online and get an approval within a few hours.

How does the IDFC FIRST Bank Loans App help you get a personal loan instantly?

Until the recent past, people visited a bank to avail a personal loan to meet their financial emergency. The scenario is changed today that you can use your bank’s loan app to know your eligibility for a personal loan, apply for it online and get approved instantly.

With personal loans up to Rs 40 lakhs from IDFC FIRST Bank, you can meet any of your immediate financial needs such as unforeseen medical emergencies, wedding expenses, home repair expenses,and so on. With an instant personal loan, you can meet all these diverse financial needs by going through paperless application process. Some of the significant features of IDFC FIRST Bank’s instant personal loan app are:

Get up to INR 40 lakhs personal loan based on your eligibility

Reasonable interest rates

Flexiblerepayment options through EMI and up to 40 percent part payment

Loan top-up facility

In addition to the above, a customer can transfer his or her existing personal loan or credit card loans at affordable interest rates and processing charges and repay in instalments conveniently within 6 months or more up to 60 months. The top-up option helps you to top up the existing loan instead of taking another loan.

How to get a personal loan on the IDFC FIRST Bank Loans app?

The banks likeIDFC FIRST Bank make your life simple by offering personal loansfor various purposes.If you have an account with the bank, you can avail a personal loan through the loan app.

For the purpose, you need to download the loan app from the IDFC FIRST Bank’s official website and log in using your User ID and Password. To avail a personal loan instantly,you need to follow the steps like:

Check your eligibility on the app:

  • If you are a salaried person, you must be at least 23 years old.
  • In case you areself-employed, you should have been in the business for at least3 years and should be of 23 years.

Get Approval:

If you are eligible, you can fill in the personal loan online application form through the app and get your loan request approved.

Upload Document:

Next, upload all the documents such as a PAN Card and Aadhaar Card, the documents showing your employment status and 3 months’ bank statement.


After the verification, the loan amount will be credited to your account.

With the IDFC FIRST Bank Loans app, you can do away with the tedious and time-consuming process of getting a personal loan.

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